(A) Authority to levy tax.
(1) The tax on income and the withholding tax established by this section are authorized by Article XVIII, § 3 of the State Constitution. The tax on income and the withholding tax established by this section are deemed to be levied in accordance with, and to be consistent with, the provisions and limitations of R.C. Chapter 718. This subchapter is deemed to incorporate the provisions of R.C. Chapter 718.
(2) The tax is an annual tax levied on the income of every person residing in, or earning or receiving income in, the municipal corporation, and shall be measured by municipal taxable income. The municipality shall tax income at a uniform rate. The tax is levied on municipal taxable income, as defined herein.
(B) Purpose of tax rate.
(1) To provide funds for the purpose of general municipal operations, maintenance of equipment, extension, enlargement, and improvement of municipal services and facilities, and capital improvements of the village.
(2) Subject to the provisions of this subchapter, an annual tax for the purposes specified herein shall be imposed at the rate of 1% per annum.
(C) Allocation of funds. The funds collected under the provisions of this subchapter shall be applied for the following purposes, and in the following order, to wit:
(1) Such part thereof as shall be necessary to defray all of the costs and expenses of collecting the taxes levied by this subchapter, and the cost of administering and enforcing the provisions hereof; and
(2) The remaining revenue, after the cost and expenses of collecting, administering, and enforcing the taxes levied under this subchapter, shall be paid into the General Fund of the village.
(Ord. 16-903, passed 12-19-2016)
Statutory reference:
Authority to tax income and withhold tax, see R.C. § 718.04